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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (28964)	2/25/1999 8:26:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116832

Now THAT was a particularly erudite post, Bobby. Exclnt observations! I'll prolly be humming "Lookin' 4 blame in Alllllt'Wrong Places"ººº love song everytime I see AG on the tube from now on, certainly most of 2day! ººº Was that a Conway Twitty ditty? O/49r PS...I DID get the doberman's part right didn't I??? And they said the eyes were the first 2Go...

To: Bobby Yellin who wrote (28964)	2/25/1999 10:48:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116832

<<.I am guessing that Brazil will be dumping a lot of commodities and gold will head south.>> Don't you recall, They dumped their gold/silver long time back, sold the last of their coins/bars during bailout bonds sold by Goldman. Mining companies can sell, but govt. was out - far form the best silver mines around . Heard other day their soy bean crop looked only fair this year,but wheat a little above avg. Last I knew they did not grow enough pork to matter one way or other. Copper could be a problem if I'm right, they have a bunch. My read fwiw.

To: Bobby Yellin who wrote (28964)	2/25/1999 7:32:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116832

Gasoline Futures Up on Supply Fears Thursday, 25 February 1999 (AP) GASOLINE FUTURES led other energy prices higher Thursday on the New York Mercantile Exchange as a spate of refinery outages boosted concerns about availability going into the peak driving season. On other markets, coffee futures fell sharply, while grain and soybeans continued their long retreat. Gasoline futures jumped 3.4 percent after San Antonio-based Ultramar Diamond Shamrock Corp. said it will reduce crude processing in March by 10 percent at its 52,000 barrel-a-day refinery in Michigan and on Monday will cut processing by 55,000 barrels a day for 10 days at a unit in Texas. The announcement comes on the heels of Tosco Corp.'s decision to shut down a refining unit in New Jersey for six weeks and as others shut down amid fires or maintenance operations. Analysts had speculated narrow profit margins caused by low prices would lead to additional shutdowns. Some market participants now are becoming nervous about the potential for spot shortages, particularly in the important Northeast market, as Americans shake off the winter and begin taking to the road in increasing numbers. Gasoline for March delivery rose 1.18 cents to 36.03 cents a gallon; April crude rose 7 cents to $12.68 a barrel; March heating oil rose 0.60 cent to 32.95 cents a gallon; April natural gas fell 3.8 cents to $1.659 for each 1,000 cubic feet. Coffee futures tumbled on the Board of Trade of the City of New York as prices already on the defensive from the arrival of ample supplies from this year fell even further amid indications next year may not be better. The Brazilian Association of Coffee Exporters forecast this crop year will bring a harvest of 26.6 million bags weighing 132 pounds each, which raises the potential for large inventories. May arabica coffee fell 2.85 cents, or 2.7 percent, to $1.038 cents a pound. Grain and soybeans futures continued their retreat on the Chicago Board of Trade, with most contracts posting new lows amid concerns about ample supplies and weak world demand. Soybeans led the losses, posting new 23-year lows, on talk that the decline in Brazil's currency will make that nation's exports cheaper. With both Brazil and Argentina getting set to harvest bumper competing supplies, market participants are worried the world market will be overwhelmed. Prices also were pressured by reports that buyers of competing Malaysian palm oil had canceled or defaulted on orders, a sign that world demand remains extremely weak. Meanwhile, the U.S. Agriculture Department reported weekly exports rose 3 percent over the previous week, but still were 8 percent below the four-week average and 23 percent below year-ago levels at this point in the marketing year. Wheat and corn futures also fell amid general perceptions of world oversupply. Prices also fell amid concern the beginning of the delivery period against the March contract month would see greater-than-expected marketings. March wheat fell 5 1/2 cents to $2.38 3/4 a bushel; March corn fell 2 cents to $2.06 3/4 a bushel; March soybeans fell 3 cents to $4.54 1/2 a bushel.